What is Soma?

Soma is a revolutionary decentralized platform that facilitates trade and social interaction powered by blockchain technology and a native cryptocurrency (Soma Community Token, or SCT) for liquidity within the Soma Community. By disintermediating the value chain, buyers and sellers can realize greater profits. At the same time, an innovative rewards system incentivizes beneficial collaboration and ensures that value-adding services are compensated. Soma is a free-market ecosystem—free of market manipulation, price-fixing, gouging, and bloat.

A decentralized social marketplace

Soma is a revolutionary platform which facilitates trade inside the Soma Community through a reward system that incentivizes beneficial collaboration.

Buy & sell in seconds

Our sleek trading platform empowers users to buy & sell in seconds, rather than minutes. Soma is creating a mobile-first commerce infrastructure with a smooth user experience and intuitive interface between users.

Social interactions

A defining feature of the Soma platform is the merging of social interaction and trading in a single digital platform. Traditional social media interactivity, such as liking and following, will bring a social element to the trading experience. Soma will also integrate other interactions to promote beneficial social behavior.

Secure and transparent

Blockchain technology underpins the Soma platform and provides security and transparency—qualities conspicuously lacking from legacy platforms—for its community of users. The Interactive Item Card stores key information of an item, and users are rated and validated by community consensus.

Integrated logistics

A five-star global trading platform requires an equally robust logistics integration for hassle-free item delivery. Soma implements an AI-based logistics solution to coordinate the fastest and most cost-effective way of transport.

Soma features

Every transaction that happens inside the SOMA™ platform will transfer ownership not only of the physical item but also of its corresponding Interactive Item Card (IIC). The IIC is a digital representation of the physical item. It includes ownership history, the condition of the physical item, the genuineness of the item, price history, and other critical data. Most importantly, the IIC will accrue social value inside the Soma Community via user interaction, and these social interactions may be reflected in the value of the physical item.

The decentralized platform incentivizes community members to help one another in various ways. P2P marketing enables users to gain Soma Community Tokens by promoting items that are listed for sale on the platform.

Payments inside the Soma Community are delivered securely via blockchain technology. The Soma Rewarding System further enhances the security of transactions by providing an incentive for a community member to act as a trusted escrow agent in a transaction. After a successful transaction, the escrow agent is compensated in Soma Community Tokens.

Within the Soma community, trading can be done in a fun way by utilizing the concepts known from the traditional social media platforms. The community members can interact with each other socially by liking, following or sharing relevant content. Social interaction will increase the social capital of the digital content, which can be monetized by the Soma Community Token.

A complete crypto toolkit. In a wallet.

In 2018, Soma will release a P2P cryptocurrency wallet that will enable anyone, anywhere, to trade in multiple cryptocurrencies. An intuitive interface will allow everyone, whether crypto veteran or complete newcomer to the space, to use cryptocurrencies in their daily trading activities. The Soma crypto wallet will also allow you to change between cryptos, manage & track your portfolio, and cash out your earnings—all in a one place!

Instant access to cryptocurrencies by Soma P2P network (Upcoming)

Soma will provide a decentralized marketplace for items, but it will go beyond to include a P2P cryptocurrency exchange (a decentralized exchange, or DEX, in industry parlance). Soma also provides a secure wallet to store cryptocurrencies, and a crypto portfolio to track gains and losses. People outside the cryptoworld can gain their first access to cryptocurrencies by selling items on the Soma platform. This provides easy exposure for people who don’t want to put active income to the volatile cryptocurrency asset class. Finally, a platform that will bring the cryptoeconomy to the masses!

Q3

2016

Development of Soma began

Q4

2016

Soma secured its first funding round (Pre-seed)

Q1

2017

Soma raised capital from the angel investors with a valuation of 1,5 million euros

Q3

2017

ICO and demo version for iOS

Q4

2017

Technical white paper

Q1

2018

Closed test version

Q2

2018

MVP release

Q3

2018

Closed testing of P2P-wallet

Q1

2019

Launch of P2P-wallet integrated in to Soma ecosystem

Partners

As seen in the media

Trade now!

Token Address

0x63b992e6246d88f07fc35A056d2C365E6D441A3D

SCT

Decimals

18

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Contact

For inquiries regarding our platform, or any other issue, contact our team atsupport@soma.co